Royal Palm Companies secured a $76.5 million construction loan to finance the completion of Elevate Apartments, a 293-unit, eight-story multifamily property located at 560 E. Dania Beach Blvd. in Dania Beach, FL. The project, which broke ground in Q4 2021, is approximately 45% finished and is expected to be completed in November 2023. The loan, originated by 3650 REIT’s Bridge and Event Driven platform, carries a term of 36 months. Royal Palm, led by CEO Dan Kodsi is partnered with developer Rafael Pecchio on the project.

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David Hoffman


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